How to properly interpret advanced stats like BABIP, wOBA and exit velocity

Milwaukee Brewers' Christian Yelich has an intriguing skill set in terms of exit velocity, especially when you read that stat the right way. AP Photo/Morry Gash

There are three kinds of lies: lies, damned lies and statistics.

Mark Twain wasn't referring to fantasy baseball when he discussed the precept in his autobiography, but if that was his philosophy, he'd be behind the curve competing in today's climate. Fantasy baseball is obviously a game of numbers with more information available today than ever, and we're only beginning to scratch the surface of the next level of statistical analysis generated by Statcast data and the like.

On the other hand, Twain has a point. It may not be the one intended, but if statistics aren't completely understood and applied correctly, the result could be a misleading or erroneous conclusion. This discussion will elucidate some of the misconceptions and faulty utilization of common theories, principles and metrics pertaining to statistical analysis.